by CRA

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22 Mar 2017

Public concerned about NL provincial debt

Three-quarters of Newfoundland and Labrador residents express concern with the province’s current debt level

Concern is consistent across the province

HALIFAX, NS March 22, 2017: The Newfoundland and Labrador government has stated that provincial debt is over $14 billion. On average, Newfoundland and Labrador residents rate their level of concern with the province’s current debt level as more than eight on a scale of 1 to 10, according to the most recent survey conducted by Corporate Research Associates Inc.

Specifically, on a scale of 1 to 10, where “1” is not at all concerned and “10” is extremely concerned, the average rating of concern with the current provincial debt level is 8.4 out of 10. Three-quarters (74%) of Newfoundland and Labrador residents rate their concern as 8, 9 or 10 on the 1 to 10 scale, while almost one-half (46%) rate their concern as 10 out of 10.

The average level of concern with the current provincial debt level in Newfoundland is consistent across the province and population.

“It is clear that the residents in Newfoundland and Labrador have a high level of concern regarding the current debt level in the province,” said Don Mills, Chairman and CEO of Corporate Research Associates. “It is also clear that the debt level will continue to increase in the near-term with ongoing budget deficits.”

These results are part of the CRAAtlantic Quarterly®, an independent, quarterly telephone survey of Atlantic Canadians, and are based on a telephone sample of 402 adult Newfoundland and Labrador residents, conducted from February 2 to 28, 2017, with overall results accurate to within ± 4.9 percentage points, 95 out of 100 times.

Corporate Research Associates (CRA), www.cra.ca, is one of Canada’s leading public opinion and market research companies. Founded in 1978, CRA is dedicated to providing clients with state-of-the-art research and strategic consulting services. CRA is a Certified Gold Seal Member of the Marketing Research and Intelligence Association (MRIA), which sets stringent standards as a condition of membership, and enforces those standards through independent audits. Follow us on Twitter @CRAInsight.